Upward moves expectations
towards next resistances
Nifty-Intra Day Chart Analysis &
Market Outlook(21-01-2025)
Nifty-Intra Day Chart (20-Jan-2025):-
Technical Patterns formation in today intraday charts
1- Consolidation between 23171-23239
2- Upward moves
3- More than 4 hours consolidation between 23329-23391
4- Whole day actual trading between 23171-23391
Conclusions from intra day chart analysis
Although firstly 119 points down moves after positive opening and Nifty traded in negative zone also but lower levels consolidation developed therefore after that upward moves were seen. As more than 4 hours consolidation in last hours also therefore firstly upward moves are expected towards following next resistances and sustaining beyond these resistances should be watched one by one for next intraday moves beginning confirmations:-
1- 23498-23601
2- 23603-23649